Franklin, IN Overview

Just 20 miles south of Indianapolis, the City of Franklin was named after Benjamin Franklin and serves as the county seat.  The community's location has allowed it to maintain a small-town identity and integrity while it benefits from the growth and economic stability of the Indianapolis metropolitan region.  Area youth receive a quality education in Franklin Community School Corporation.  The presence of Franklin College enriches the city in many respects, providing higher education opportunities in the liberal arts that stress the importance of faculty-student relationships and innovative leadership programs. Many of the special events sponsored by the college are open to the public.  An active Parks and Recreation Department provides a kaleidoscope of facilities and activities for all ages.  Newcomers to Franklin will discover a city that honors the past while it maintains a progressive attitude toward the future.

Summary

Population Growth (since 2000) 20%
Population Density (ppl / mile) 1,871.00
Household Size (ppl) 2.55
Households w/ Children 29%

Housing Stability

Annual Residential Turnover 0%
5+ Years in Residency 31%
Median Year in Residency 3.27

Housing Inventory

Franklin, IN Housing Inventory 6,183 912 3,055 6,183 912

Market Overview

36 listings with an estimated median price of $252,000

Price Count
$0 - 100K 3
$100K - 200K 11
$200K - 300K 8
$300K - 400K 2
$400K - 500K 3
$500K - 600K 5
$600K - 700K 2
$800K - 900K 2
Property Type Count
Single Family 19
Commercial 5
Lots and Land 12

(Data as of 1/24/2021)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Franklin, IN Population Demographics

Total: 24,780

Households:9,238

Median Age: 36.69

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Franklin, IN Temperature

Weather Risk

Franklin, IN Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Franklin, IN Education Climate Index

Highest Education Level Attained

Franklin, IN Highest Education Level Attained 5,524 1,318 503 1,389 2,553 1,265 3,377 5,524 1,318 503 1,389

Employment and Finance

Workforce

Franklin, IN Workforce

Income by dollar range (Median Income: $53,814)

Franklin, IN Income by dollar range 397 410 432 469 582 557 340 551 534 878 996 1,192 893 474 375 91 37 31

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$594
One Bedroom
$689
Two Bedroom
$850
Three Bedroom
$1,140
Four Bedroom
$1,298

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Franklin, IN Crime

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